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Nov. 22, 2021, 3:12 p.m. EST

Bitcoin, ether see further declines Monday, while crypto gaming tokens extend rally

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By Frances Yue

Bitcoin /zigman2/quotes/31322028/realtime BTCUSD -0.18% was trading near $55,920 Monday afternoon, down 5.8% over the past 24 hours and down 10.6% during the past seven days, according to CoinDesk data. Ether /zigman2/quotes/108573964/realtime ETHUSD +1.26% tumbled 6.7% in the past 24 hours, recently trading at around $4,061. It logged a 9.3% loss over the past seven days. The two largest cryptocurrencies have been under pressure since President Joe Biden signed into law on Nov. 15 a $1 trillion infrastructure bill, which contains a provision that would require brokers of digital assets to record and report transactions to the Internal Revenue Service starting 2023. Blockchain gaming and Metaverse-related tokens continue to rally after Facebook /zigman2/quotes/205064656/composite FB +1.03% changed its name to Meta to show its resolution to build a Metaverse. Gala rose about 2.1% over the past 24 hours to $0.4, contributing to a 302% gain over the past seven days, according to CoinMarketCap. The Sandbox rallied 12.6% over the past 24 hours to $4.4, with a 60% gain over the past seven days. Decentraland went up 2.9% during the past 24 hours to $3.85, notching a 21% gain over the past seven days.

/zigman2/quotes/31322028/realtime
US : CoinDesk
36,307.55
-63.91 -0.18%
Volume: 0.00
Jan. 27, 2022 12:53p
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/zigman2/quotes/108573964/realtime
US : Kraken
2,450.41
+30.42 +1.26%
Volume: 187.54M
Jan. 27, 2022 12:53p
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 297.65
+3.02 +1.03%
Volume: 10.62M
Jan. 27, 2022 12:53p
P/E Ratio
21.21
Dividend Yield
N/A
Market Cap
$819.59 billion
Rev. per Employee
$1.92M
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